AMDD vs. SOXL
AMDD (Direxion Daily AMD Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while SOXL is a Leveraged Equities fund tracking the NYSE Semiconductor Index. AMDD is actively managed, while SOXL is passively managed. Over the past year, AMDD returned -77.50% vs 384.82% for SOXL. Their -0.79 correlation means they have often moved in opposite directions in the past. AMDD charges 0.97%/yr vs 0.75%/yr for SOXL.
Performance
AMDD vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, AMDD achieves a -67.52% return, which is significantly lower than SOXL's 177.68% return.
AMDD
- 1D
- -1.64%
- 1M
- 1.07%
- 6M
- -61.99%
- YTD
- -67.52%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.52%
SOXL
- 1D
- 1.73%
- 1M
- -35.69%
- 6M
- 79.00%
- YTD
- 177.68%
- 1Y
- 384.82%
- 3Y*
- 68.44%
- 5Y*
- 20.37%
- 10Y*
- 47.85%
- ALL TIME*
- 38.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.29M | $38.66M | $56.16M | |
| $10.83B | $10.43B | $11.85B |
AMDD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.52% | -61.12% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 177.68% | 54.40% |
Correlation
The correlation between AMDD and SOXL is -0.80, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | -0.79 |
The correlation between AMDD and SOXL has been stable across timeframes, ranging from -0.80 to -0.79 - a consistent structural relationship.
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Return for Risk
AMDD vs. SOXL — Risk / Return Rank
AMDD
SOXL
AMDD vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMDD | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.37 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 5.59 | -6.53 |
| Martin ratioReturn relative to average drawdown | -1.52 | 18.97 | -20.49 |
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Drawdowns
AMDD vs. SOXL - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.84%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMDD and SOXL.
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Drawdown Indicators
| AMDD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.84% | -90.46% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -82.18% | -69.42% | -12.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -90.79% | -61.20% | -29.59% |
Average DrawdownAverage peak-to-trough decline | -59.97% | -35.01% | -24.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.11% | 20.40% | +30.71% |
Volatility
AMDD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily AMD Bear 1X Shares (AMDD) is 25.42%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 50.40%. This indicates that AMDD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.42% | 50.40% | -24.98% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 114.71% | -57.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 130.75% | -59.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.16% | 113.25% | -45.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.16% | 102.14% | -33.98% |
AMDD vs. SOXL - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
AMDD vs. SOXL - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 13.33%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 13.33% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
AMDD and SOXL have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (50.40%) compared to AMDD (25.42%). In terms of maximum drawdown, AMDD dropped -91.84% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 384.82% vs -77.50% for AMDD. On fees, SOXL is cheaper at 0.75% per year. On volatility, AMDD has been the lower-risk option at 25.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 384.82% return vs -77.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.97% for AMDD.
AMDD has the higher dividend yield at 13.33%, compared with 0.01% for SOXL.
AMDD is categorized as Inverse Equities, while SOXL is Leveraged Equities. Their fees differ too: 0.97% for AMDD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.97 vs -1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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